“Exchange range movements are often a mystery because they’re affected by many economic factors, including just the mind-sets of investors,” said Gary Richardson, a professor of economics at the University of California at Irvine. “But it looks like the main trigger is the recent policy move by the British government.” … “There’s statistical evidence and research showing that people book travel based on prices,” Richardson said. “Britain is cheaper, so more people would want to go there.”

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